CARIBBEAN STOCK REPORT 14 November to 18 November 2011

Posted on November 22, 2011 by | 15 Comments

Prepared by the Department of Management Studies, UWI, Cave Hill

This entry was posted in Caribbean News and tagged , , , . Bookmark the permalink.

15 Responses to CARIBBEAN STOCK REPORT 14 November to 18 November 2011

  1. David | November 22, 2011 at 9:00 AM |

    Interesting to note that Almond Resort continues to struggle. Offering up to 45% discounts:

    http://www.groupon.co.uk/deals/groupon-getaways/almond-resorts/1709770?nlp=&CID=UK_CRM_1_0_0_326&a=2463

  2. anthony | November 22, 2011 at 9:28 AM |

    In 2009 they lost 3.9 million. IN 2010 13.7 million. first nine month in 2010 6.9 million first nine month in 2011 18.5 million . 2011 result probably won’t get any better. No wonder ansa looking for someone to take if off their hands. they just haemorrhaging money.

  3. anthony | November 22, 2011 at 9:28 AM |

    http://www.bsandtco.com/files/2010FinancialHighlightsSegment.pdf

    http://www.bsandtco.com/files/2011FinancialHighlights9segment.pdf

  4. David | November 22, 2011 at 9:56 AM |

    One would have though an all inclusive property would do well in the current environment.

  5. anthony | November 22, 2011 at 10:11 AM |

    thats only if they can get their cost down. the truth as the bta said last week arrival may be up but rooms are being sold so cheap they making any cash on them.their overheads are too high and can’t cut cost.

  6. David | November 22, 2011 at 8:33 PM |

    To anyone holding Almond what can we expect?

  7. anthony | November 22, 2011 at 8:49 PM |

    if buyer can be found. they would get a discounted price since almond need an overhaul across the board.

  8. Justin Robinson | November 22, 2011 at 9:43 PM |

    I expect some other player in the sector to acquire Neal and massey’s controlling interest at a decent price. That player would likely do a major restructuring, and I think there is scope for a turnaround givenm that its still has brand recognition and great locations..

  9. millertheanunnaki | November 22, 2011 at 10:04 PM |

    @ Justin Robinson | November 22, 2011 at 9:43 PM |

    Sounds like another sound investment for the NIS investment fund. Turnkey ready and ripe for the pickings!
    Why not make this recommendation to the Board?

  10. Trained Economist | November 22, 2011 at 10:36 PM |

    I don’t think the NIS is set up to be the majority owner of private enterprises. The NIS does have a significant position in Almond Shares from several years back.

  11. millertheanunnaki | November 22, 2011 at 10:46 PM |

    @ Trained Economist | November 22, 2011 at 10:36 PM |
    So if the NIS can’t take over the majority ownership are we looking at another write-down against the investment portfolio? Because there are no buyers out there, yet. Probably waiting for it to be boarded up like some properties on the South & West Coasts and then buy it over for a song.

  12. A. Freeman (Question for Dr. Robinson) | November 23, 2011 at 6:10 AM |

    Dr. Robinson, will you, or have one of your UWI colleagues from Economics, comment on the effectiveness of investing in shares as a hedge against the declining value of the US$/BDS$, given the possible correlation between the performance of the underlying corporations and those economic conditions underlying the decline in the value of the US$/BDS$.

  13. Justin Robinson | November 23, 2011 at 8:51 AM |

    can you clarify what you mean by the declining value of the US$/BDS$

  14. A. Freeman (Question for Dr. Robinson) | November 23, 2011 at 6:50 PM |

    Justin Robinson | November 23, 2011 at 8:51 AM | can you clarify what you mean by the declining value of the US$/BDS$

    The US$ is expected to decline vs. other major currencies and the BDS$, being fixed to it, will experience a similar decline vs. non-US$ currencies.

  15. Justin Robinson | November 23, 2011 at 8:34 PM |

    Okay.

    Local stocks typically provide most of their returns in the form of dividends, as stock price rarely move, thus not providing much in terms of capital gains. Those dividend returns are typically in the range of say 4 to 6%. The profits and dividends of most local firms are linked to the perfromance of the US and UK economies as well.

    As such I would not expect domestic stocks to provide much of a hedge against such a decline in the dollar if it were in fact to occur.

    The investment story of the year regionally has been the trremendous returns o junior market stocks in jamaica.

BU welcomes your comments: comments on the site do not always reflect the views of BU.  For more information checkout our Comments Policy at the top of the page. If you see an error report it, include a link to the story.

Fill in your details below or click an icon to log in:

Gravatar
WordPress.com Logo

You are commenting using your WordPress.com account. ( Log Out / Change )

Twitter picture

You are commenting using your Twitter account. ( Log Out / Change )

Facebook photo

You are commenting using your Facebook account. ( Log Out / Change )

Cancel

Connecting to %s